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20130113
20130121
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CSPAN 2
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CSPAN
Jan 15, 2013 1:00pm EST
in the late 1980's when we didn't have to talk about how to pay for disaster assistance because the deficit was only $3 trillion. but we've so badly mismanaged our money after that, by the time we got to hurricane katrina in 2005, that we actually did start talking about offsetting and paying for disaster relief and paid for and offset about 40% of it. but we didn't learn. we didn't learn from those mistakes and we've continued to mismanage our money and to run up our deficit to such a point now where we're at $16 trillion today and it's incumbent upon us to have the discussion about whether or not we have the money to do this. and whether or not it's important enough to us to pay for it. i wish very much that we weren't here today. i wish very much that we could pass this and easily borrow the money, without any questions whatsoever. but we've wasted that opportunity. we've mismanaged our own finances to the point where we are now no longer capable of taking care of our own. think about that for a second. in the united states of america we do not have enough money to take care of our own c
CSPAN
Jan 16, 2013 1:00pm EST
to prioritize the government's bills. what's wrong with that idea? guest: we have had some deficit reduction. as the president laid out a couple days ago, we have had over $2 trillion. we had 1.5 trillion that came from previous actions. and then we added just a few days ago some further deficit reductions through some increased taxes on the very wealthy of this country. so we have already begun to undertake deficit reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we have never tried that before. host: is it feasible? guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills do you pay? we never tried that. i think the president put it so well. this is not a deadbeat nation really, and i think common sense is likely to prevail within the republican ranks. i know, if i might say so, if not firsthand, secondhand, much of the leadership within the house republican caucus, not all of it, i think some realizes the potential consequences. host: if
Search Results 0 to 1 of about 2